1.
Companies team for technologies
HOUSTON, Dec. 21 (UPI) -- Houston-based Continental Airlines Inc. pocketed $172 million by selling some 9 million shares in the parent company of Latin America's Copa Airlines.
The U.S. carrier still owns about 12 million common shares in Copa Holdings SA, Continental said Wednesday.
About $50 million of the sale's proceeds are going to Continental's pension fund, bringing the company's current year contributions to its pension plans to $354 million.
Continental expects to end the year with an unrestricted cash and short-term investments balance of between $1.9 and $2 billion.
|
|
|
|
|
|
| Additional Business News Stories | |
WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
|
ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
